Is Niraj Cement Structurals a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Niraj Cement Structurals Ltd is a below average quality company .

Is Niraj Cement Structurals undervalued or overvalued?

The key valuation ratios of Niraj Cement Structurals Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Niraj Cement Structurals share price return in the past 10 years?

Niraj Cement Structurals Ltd share price has appreciated 25.3% annually (CAGR) over the past ten years.

Is Niraj Cement Structurals a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Niraj Cement Structurals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Niraj Cement Structurals?

The latest standalone P/E ratio of Niraj Cement Structurals as of 24-Apr-2024 is 37.98.

What is the P/B ratio of Niraj Cement Structurals?

The latest standalone P/B ratio of Niraj Cement Structurals as of 24-Apr-2024 is 1.02.

Niraj Cement Structurals Ltd - Stock Valuation and Financial Performance

Name: Niraj Cement Structurals
Brand: Niraj Cement Structurals

BSE: 532986 | NSE: NIRAJ | Engineering - Construction | Small Cap

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Niraj Cement Struct. Share Price

₹44.96 0.17 0.38%
as on 24-Apr'24 16:01

10 Year X-Ray of Niraj Cement Struct.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-0.4%	4.7%	1.1%	0.6%	0.6%	-2.9%	1.5%	1.1%	2.8%	3.8%	-
Value Creation Index ⓘ	-1.0	-0.7	-0.9	-1.0	-1.0	-1.2	-0.9	-0.9	-0.8	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	47.5	84.1	106	108	108	109	124	175	356	605	650
Sales YoY Gr.	-	76.9%	26.1%	1.8%	-0.3%	1.5%	13.1%	41.4%	103.9%	69.8%	-
Adj EPS ⓘ	-5	1.9	0.6	0.4	0.6	-3.1	1.4	0.5	1.4	1.8	1.2
YoY Gr.	-	NA	-67.2%	-29.5%	46.5%	-593.7%	NA	-65%	177.6%	31.6%	-
BVPS (₹) ⓘ	126.2	127	127.6	118.9	98.4	82.3	83.2	43.3	44	43.2	43.9
Adj Net Profit ⓘ	-5.4	2	0.7	0.5	0.9	-5.8	2.6	2	5.4	7.2	5
Cash Flow from Ops. ⓘ	-1.6	15.6	-8.1	-59.1	50	9.1	-18	-5.2	38.6	-30.5	-
Debt/CF from Ops. ⓘ	-51.5	6.1	-13.1	-2.2	1.1	2.3	-1.1	-5.9	0.4	-0.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	32.7%	41.2%	69.8%	69.8%
Adj EPS ⓘ	NA	23.2%	8.5%	31.6%
BVPSⓘ	-11.2%	-15.2%	-19.7%	-1.8%
Share Price	25.3%	22.4%	4.2%	61.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-3.9	1.5	0.5	0.4	0.6	-3.7	1.6	1.1	3.1	4.1	2.7
Op. Profit Mgn % ⓘ	0.2	19.1	4	2.4	-1.6	1.4	3.8	0.5	1.4	1.5	1.8
Net Profit Mgn % ⓘ	-11.4	2.4	0.6	0.5	0.9	-5.3	2.1	1.1	1.5	1.2	0.7
Debt to Equity ⓘ	0.6	0.7	0.8	1	0.4	0.1	0.1	0.2	0.1	0.2	-
Working Cap Days ⓘ	1,833	1,067	877	989	947	729	603	475	256	158	67
Cash Conv. Cycle ⓘ	541	148	142	318	404	271	161	111	60	35	35

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 69.81%

Sales growth is good in last 4 quarters at 36.06%

Return on Equity has declined versus last 3 years average to 2.70%

Net Profit has been subdued in last 3 years 8.54%

Latest Financials - Niraj Cement Structurals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.2	1.2
TTM Sales (₹ Cr.)	650	651
BVPS (₹.) ⓘ	43.9	43.8
Reserves (₹ Cr.) ⓘ	136	136
P/BV ⓘ	1.02	1.03
PE ⓘ	37.98	36.20

From the Market
52 Week Low / High (₹)	27.45 / 64.50
All Time Low / High (₹)	4.16 / 239.60
Market Cap (₹ Cr.)	181
Equity (₹ Cr.)	40.2
Face Value (₹)	10
Industry PE ⓘ	42.2

Management X-Ray of Niraj Cement Struct.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Niraj Cement Struct.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Niraj Cement Struct.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	48	84	106	108	108	109	124	175	356	605
Operating Expenses ⓘ	47	70	102	105	109	108	119	174	351	596
Manufacturing Costs	37	66	101	104	106	105	113	169	343	578
Material Costs	9	0	-1	-1	0	0	3	1	2	9
Employee Cost	0	1	0	0	1	1	1	1	1	1
Other Costs ⓘ	1	3	1	2	2	2	3	3	5	8
Operating Profit ⓘ	0	15	4	3	-2	2	5	1	5	9
Operating Profit Margin (%)	0.2%	17.3%	3.9%	2.4%	-1.6%	1.4%	3.8%	0.5%	1.4%	1.5%
Other Income ⓘ	3	1	1	1	8	1	0	4	4	4
Interest ⓘ	6	12	3	1	1	0	0	0	0	0
Depreciation ⓘ	2	2	2	2	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	-1	-1	-4	-5
Profit Before Tax ⓘ	-5	1	1	1	4	1	2	2	3	6
Tax ⓘ	0	0	0	0	3	0	0	1	1	2
Profit After Tax	-5	1	1	1	1	1	2	1	2	4
PAT Margin (%)	-11.4%	1.1%	0.6%	0.7%	1.0%	1.1%	1.3%	0.8%	0.7%	0.7%
Adjusted EPS (₹)	-5.0	0.9	0.6	0.7	0.7	0.7	0.8	0.3	0.6	1.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	136	137	138	140	146	156	158	177	179	176
Share Capital ⓘ	11	11	11	12	15	22	22	43	43	43
Reserves ⓘ	125	126	127	128	131	135	137	134	136	133
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	75	77	87	106	51	15	17	26	9	26
Long Term Debt	35	62	71	104	50	15	15	10	5	0
Short Term Debt	40	15	17	2	2	0	2	16	4	26
Trade Payables	28	35	35	25	21	27	30	8	30	38
Others Liabilities ⓘ	34	28	29	84	40	20	25	66	94	73
Total Liabilities ⓘ	273	277	290	355	258	218	230	277	313	314
Fixed Assets
Gross Block	44	40	40	36	34	31	31	32	32	32
Accumulated Depreciation	19	18	20	19	18	18	20	22	23	24
Net Fixed Assetsⓘ	25	22	20	17	16	13	11	10	8	7
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	1	1	1	1	0	0	0	14	14	14
Inventories	12	14	17	20	20	10	8	7	6	3
Trade Receivables	58	62	63	150	94	87	64	66	78	102
Cash Equivalents	4	6	7	14	7	4	11	6	37	23
Others Assetsⓘ	173	173	182	154	122	104	136	175	170	165
Total Assets ⓘ	273	277	290	355	258	218	230	277	313	314

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-2	16	-8	-59	50	9	-18	-5	39	-30
PBT ⓘ	-5	1	1	1	4	1	2	2	3	6
Adjustment ⓘ	8	15	3	2	1	2	2	0	-1	0
Changes in Working Capital ⓘ	-4	-0	-12	-62	45	6	-22	-6	37	-37
Tax Paid ⓘ	0	0	0	0	0	0	0	-1	-1	0
Cash Flow From Investing Activity ⓘ	1	-2	1	2	1	25	9	-9	-11	15
Capex	0	0	0	2	0	0	0	0	0	0
Net Investments	0	0	0	0	0	0	0	-14	0	0
Others ⓘ	1	-2	1	-1	1	25	9	5	-11	16
Cash Flow From Financing Activityⓘ	1	-14	8	63	-55	-36	18	9	-17	5
Net Proceeds from Shares ⓘ	0	0	0	15	0	1	0	34	0	0
Net Proceeds from Borrowing ⓘ	10	23	9	41	-54	-35	0	-4	-5	-5
Interest Paid ⓘ	-6	-12	-3	-1	-1	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-3	-24	1	9	0	-2	19	-21	-12	11
Net Cash Flow ⓘ	1	0	0	6	-5	-1	9	-5	10	-11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-3.9	0.7	0.48	0.57	0.73	0.83	1.02	0.8	1.42	2.3
ROCE (%)	0.52	5.87	1.58	0.92	1.96	0.73	1.15	1.09	1.71	3.49
Asset Turnover Ratio	0.18	0.31	0.37	0.33	0.35	0.46	0.55	0.69	1.21	1.93
PAT to CFO Conversion(x)	N/A	16	-8	-59	50	9	-9	-5	19.5	-7.5
Working Capital Days
Receivable Days	641	261	216	360	414	302	222	136	74	54
Inventory Days	100	55	52	62	67	50	26	15	6	2
Payable Days	1,135	0	0	0	0	0	3,923	6,083	2,930	1,330

Niraj Cement Structurals Ltd Stock News

Niraj Cement Structurals Ltd FAQs

What is the share price of Niraj Cement Struct.?

Company share prices are keep on changing according to the market conditions. The closing price of Niraj Cement Struct. on 24-Apr-2024 16:01 is ₹44.96.

What is the market cap of Niraj Cement Struct.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Apr-2024 16:01 the market cap of Niraj Cement Struct. stood at ₹180.5.

What is the P/E ratio of Niraj Cement Struct.?

The latest P/E ratio of Niraj Cement Struct. as of 24-Apr-2024 16:01 is 37.98.

What is the P/B ratio of Niraj Cement Struct.?

The latest P/B ratio of Niraj Cement Struct. as of 24-Apr-2024 16:01 is 1.02.

What is the 52-week high and low of Niraj Cement Struct.?

The 52-week high of Niraj Cement Struct. is ₹64.50 and the 52-week low is ₹27.45.

What is the TTM revenue of Niraj Cement Struct.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Niraj Cement Struct. is ₹649.7 ( Cr.) .

About Niraj Cement Structurals Ltd

Niraj Cement Structurals was originally incorporated in India as Niraj Cement Structurals Private Limited on April 1, 1998 under the Companies Act, 1956 and was converted to Public Limited Company with effect from January 12, 2006.

The promoters the NCSL has more than 3 decades of experience in construction industry. NCS has grown from a modest pre-casting outfit in 1970s to a modern, state-of-the-art civil construction company specializing in the timely execution of complex projects in the areas of roads, flyovers, pedestrian subways, airport runways, dams, spillways, etc.NCSL started its foray into civil engineering in the year 1998.

It is an engineering and construction company focusing on road construction development. We were incorporated on April 1, 1998 as a private company. We took over the business of Niraj Cement Structurals (partnership firm) in December 1999, which was engaged in cement structural business since 1987. the company is engaged in construction of road projects through sub contracting. We are headquartered in Mumbai and have capability to execute various road construction projects.

Its present areas of operations are sub-contracting including providing EPC services. It has a fleet of construction equipment all of which it own directly or through its joint ventures.

The company enters into sub-contracting assignments primarily through a competitive bidding process. It aims to establish its direct presence over a period of time. As the project sizes are expanding it team with major contractors to meet specific eligibility requirements for certain larger projects, including requirements relating to particular types of experience and financial resources, it also enter into project-specific joint ventures with other construction companies at times as minor partners and EPC sub-contractor.

With success in the field as a major quality player, the Company diversified into other related activities of infrastructure development, building roads, airport upgradation, ready mix concrete and others. With a view to achieve quality and quantity output, the company decided to possess and own modern machineries.

As on date the Company owns Slipform Paver of Gomaco USA, Slipform Paver suitable for paving upto 16 mets of Gunteret & Zimmerman of USA. Transit Mixers of BNK Italy , Taurus Tippers with HYVA (Holland) hydraulic arrangements, Crusher 130M3/H Puzzolana, Batching Plant of 160 cum/hr of Simem Italy, Dry Lean concrete (DLC) paver of Ingersoll Rand, Switzerland make, Motor graders of Volvo, Earthmoving machineries of L&T Komatsu, Volvo, Escorts and many other machineries required for Construction and Infrastructure Projects for qualitative and quantitative output. All the equipments are with computerized operation and maintenance.

Projects Completed

Worli Bandra Sea Link Package-III Construction of solid approach road from end of improved Mahim flyover upto start of toll plaza area on Bandra side.
Construction of Apron Flooring in connection with Construction of Air India Hanger Project, Mumbai
Construction of Dry Lean Concrete & Pavement Quality with Slip Form Paver at Part Kon to Kalamboli
Replacement of existing concrete pavement (apron) panels in front of Air India Hanger No. 1 & 2 at Old Airport, â€˜Sâ€™ Cruz (E), Mumbai - 29
Construction of New Fire Station at Mumbai Airport Mumbai, SH Rigid Pavement
Execution of Track linking works in between Tomka-Keonjhar on E.C. Railway

Projects In Hand

Widening to 4/6 lanes and strengthening of existing 2 lane carriageway of NH-60 in the state of Orissa from 31.000 Km. t0 53.410 Km. Contract Package IV
Widening and construction of LBS Marg from Sion to Kanjurmarg (Km 0.00 to 11.156)
Widening and construction of LBS Marg from Kanjurmarg to Mulund Check Naka (Km 11.156 to Km. 18.831)
Dam & Spilway under Tuirial Hydro Electric Power Station Project Mizoram, Lot â€“ II
Strengthening and Extension of Container Yard at NMPT With Paver Blocks
Providing Heavy Duty Pavement behind Berth No.5 to Berth No.7
Providing works as a backup requirement to the Deep Draft Multipurpose Berth at NMPT
Providing Paver Block Pavement at Main Gate, KK Gate and Seamenâ€™s Circle Junction in the Wharf Area
Improvement such as providing two lanes rigid pavement carriageway with paved shoulders of 1.5m on both sides with reconstruction / rehabilitation / widening of CD works to Cuttack â€“ Paradeep road (SH-12) from 0/000 to 43/000 Km
Improvement such as providing two lanes rigid pavement carriageway with paved shoulders of 1.5m on both sides with reconstruction / rehabilitation / widening of CD works to Cuttack â€“ Paradeep road (SH-12) from 43/000 to 82/000 Km